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What was the amount of dividends paid during the year

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Reference no: EM132702823

At the beginning of the year Zoolander Inc. had total assets of $429,000 and total equity of $183,000.

  • By the end of the year Zoolander had total assets of $406,000 and total liabilities of $174,000.
  • During the year the business had expenses of $372,000, revenues of $423,000, and new contributions by owners of $20,000.

Problem 1: What was the company's ending equity?

Problem 2: What was the amount of dividends paid during the year?

Problem 3: What was the change in liabilities during the year?

Problem 4: What was the company's profit for the period?

Problem 5: What was the company's beginning total liabilities?

Reference no: EM132702823

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